A recent study conducted by Career Builder found that “nearly 60 percent of U.S. employers have job openings that stay vacant for 12 weeks or longer. The average cost HR managers say they incur for having extended job vacancies is more than $800,000 annually.”
Organizations with active employee retention strategies will face less of these vacancies and less of these costs. Here are eight tips to implement that will help to ensure your Supply Chain employees are around for many years.
Hire the Right Employees
Make the right hiring decisions on the front end. Look for Supply Chain and Operations candidates who are interested in growing with your company, and leaders who are able to develop your next wave of upcoming internal talent.
Promote From Within
Create clear career road maps, specifying what employees need to do to achieve their next milestone. Provide them the development and feedback along the way to get there.
Much of today’s workforce has shown preference for flexible work environments. Consider offering a more flexible schedule, Summer hours, and the ability for work from home days.
Keep Your Compensation Competitive
Keep a tab on the Supply Chain industry and regional compensation figures. Most employees know they can earn between 10-20% more when moving to a new organization, so don’t let compensation hinder your ability to retain your top talent.
Train and Develop
Provide internal and external training and development opportunities to your employees. Not only will they feel valued, they’ll be able to apply new knowledge to your business.
Recognize Good Work
Praise in the form of thank you notes, recognition at companywide meetings, or spotlights in a newsletter to show appreciation for a job well done.
Provide Perks & Incentives
Consider offering perks and incentives. These can range from free or subsidized meals, child care, discounted gym memberships, employee appreciation events, and so many more.
Conduct Exit Interviews
Learn from the experience of employees’ departures, and try to gain valuable insight into their experience.
Interested to learn more about how SCOPE Recruiting can find Supply Chain & Operations candidates to grow the future of your organization?